Balance Sheet Contraction

Fed Comes to Grips with Reality: Asset Prices Drive Economies

The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance sheet, or quantitative tightening, ... Read More»

Fed Tightening Cycle Triggers Emerging Markets Debt Dislocation

An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding came early last month in the for... Read More»